Word: receivership
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...state of mind prevalent among business men, however, has recently changed. During the winter, a boom in trade was eagerly anticipated. When, by early spring, this common expectation was shown to be vain, an attitude of alarm spread to some extent. The collapse of stockmarket prices, the St. Paul receivership, the Hindenburg election and other untoward incidents were cited as indicative of calamities to come...
...about two years, the future of the St. Paul R. R. has provided a ready subject for debate and conjecture at Wall Street luncheon tables. Most people thought the great Northwestern carrier would escape a receivership, although by a narrow margin. To many, therefore, the receivership (TIME, Mar. 30) came as a surprise...
...long-drawn-out debate about the immediate future of the Chicago, Milwaukee & St. Paul R. R. (TIME, Mar. 23) came to a quick and decisive end last week when the line was suddenly placed in a receivership...
...payment. The St. Paul cannot hope to refund this issue by going direct to its shippers as the New Haven has recently done, and must therefore look to its bankers- Kuhn, Loeb & Co. and the National City Bank. Whether the road is due for a receivership this spring is unknown in financial circles. But the drastic decline in St. Paul stocks and junior bonds indicates Wall Street's opinion that all is not well with the great northwest carrier...
...Paul, as the latest comer, has fared worst in competition. President Harry E. Byram naturally is preserving as cheerful a countenance concerning the approaching bond maturity date as he can; and even yet the bonds may be extended or exchanged in some way so as to avoid a receivership. But, since the immediate crisis is financial, the real future of the St. Paul is probably in the hands of two bankers, Jerome J. Hanauer of Kuhn, Loeb & Co., and President Charles E. Mitchell of the National City Bank of New York. Neither very naturally will talk for publication, and whether...